Add to ORKGShortfall risk retirement income analyses offer little insight into how much risk is optimal, and how risk tolerance affects retirement income decisions. This study models retirement income risk in a manner consistent with risk tolerance in portfolio selection in order to estimate optimal asset allocations and withdrawal rates for retirees with different risk attitudes. We find that the 4 percent retirement withdrawal rate strategy may only be appropriate for risk averse clients with moderate guaranteed income sources. The ability to accept greater shortfall probabilities means that risk tolerant investors will prefer a higher withdrawal rate and a riskier retirement portfolio. A risk tolerant client may prefer a withdrawal rate of between ...
Numerous studies about sustainable withdrawal rates from retirement savings have been published, but...
Individuals face many challenges when developing a retirement plan. Hurdles arise at different stage...
The literature on the effect of labor income on portfolio choice overlooks that workers face a risk...
Shortfall risk retirement income analyses offer little insight into how much risk is optimal, and ho...
Highly risk-averse retirees are generally advised to adopt a fixed spending strategy such as the 4% ...
Most retirement withdrawal rate studies are either based on historical data or use a particular assu...
An important and frequently studied question for retirees is: what is the optimal asset allocation d...
Researchers have mostly focused on U.S. historical data to develop the 4 percent withdrawal rate rul...
I investigate how well market valuation and yield measures predict the maximum sustainable withdrawa...
An important topic for retirees is determining how much they can safely withdraw from their retireme...
Risk-averse investors typically adopt a fixed spending strategy during retirement to prevent against...
There is a relatively new movement among young investors called Financial Independence Retire Early ...
This study attempts to quantify whether a 4 percent withdrawal rate can still be considered as safe ...
Countless current and prospective retirees now rely on portfolio success rates calculated from the h...
Much research has addressed the question of how much money can safely be withdrawn from a retirement...
Numerous studies about sustainable withdrawal rates from retirement savings have been published, but...
Individuals face many challenges when developing a retirement plan. Hurdles arise at different stage...
The literature on the effect of labor income on portfolio choice overlooks that workers face a risk...
Shortfall risk retirement income analyses offer little insight into how much risk is optimal, and ho...
Highly risk-averse retirees are generally advised to adopt a fixed spending strategy such as the 4% ...
Most retirement withdrawal rate studies are either based on historical data or use a particular assu...
An important and frequently studied question for retirees is: what is the optimal asset allocation d...
Researchers have mostly focused on U.S. historical data to develop the 4 percent withdrawal rate rul...
I investigate how well market valuation and yield measures predict the maximum sustainable withdrawa...
An important topic for retirees is determining how much they can safely withdraw from their retireme...
Risk-averse investors typically adopt a fixed spending strategy during retirement to prevent against...
There is a relatively new movement among young investors called Financial Independence Retire Early ...
This study attempts to quantify whether a 4 percent withdrawal rate can still be considered as safe ...
Countless current and prospective retirees now rely on portfolio success rates calculated from the h...
Much research has addressed the question of how much money can safely be withdrawn from a retirement...
Numerous studies about sustainable withdrawal rates from retirement savings have been published, but...
Individuals face many challenges when developing a retirement plan. Hurdles arise at different stage...
The literature on the effect of labor income on portfolio choice overlooks that workers face a risk...